North Bay Resources Inc (PK) (NBRI) News

I think you have me confused with that Delirious guy who seems to think Jared is one step away from sainthood. Weird, huh......that someone would praise a CEO that treated his former investors so incredibly badly?

His previous investors at MGX were so pissed at Jared, they tried to replace him and the board, and the reasons they gave are pretty shocking. 95% losses in share value? Misspent funds - $1.6 million Cd for a bodyguard and driver for Jared???? WTF, that is nuts. You'd think he was the CEO of a health insurance company, they don't even have that level of security (maybe they do now).

Concerned Shareholders Requisition Annual General Meeting to Secure Competent Stewardship of MGX Minerals and Enhance Shareholder Value
CALGARY, Alberta, March 09, 2020 (GLOBE NEWSWIRE) -- A group of MGX Minerals Inc. (CSE: XMG) (FKT:1MG) (OTC Pink: MGXMF) (“MGX Minerals” or the “Company”) shareholders (the “Concerned Shareholders”), together owning not less than 5% of the issued and outstanding shares of MGX Minerals, announces they have requisitioned an annual general meeting of shareholders of MGX Minerals for the purpose of replacing the board of directors of the Company (the “Board”) with a new board capable of ensuring the proper stewardship of the Company. The full text of the requisition is included in this press release as Schedule “A”.

Among the principal reasons for this action are:

Destroyed Shareholder Value. The Concerned Shareholders believe that the Board and management of MGX Minerals have destroyed considerable shareholder value and continue to operate the Company without a clear strategy focused on maximizing shareholder returns. After a period of prolonged value destruction, the Board has shown an inability to reverse continued poor performance nor stop MGX Minerals’ share price freefall. This is evidenced by the decline of the Company’s share price from its high of CDN$2.00 in January 2017 to CDN$0.085 as of March 6, 2020, representing a decrease of 95.75%.

Dysfunctional Board and Entrenchment. The Concerned Shareholders are frustrated by the ineffectiveness of the Board in advancing the Company’s goals. Rather than focusing on significant issues facing the Company, the Board has been distracted by litigation initiated by two of the directors over the actions of MGX Minerals’ CEO, Jared Lazerson, who has misspent Company funds on defending this litigation for the purposes of self-entrenchment.This public infighting and loss of confidence in management has diverted funds and attention from the Company’s business, and must be put to an end before further value is lost.

Potential Misuse of Company Funds and Inadequate Reporting Practices. The Concerned Shareholders have questions regarding the use of Company funds for apparent personal expenses and improper reporting of spending by management and in particular, Mr. Lazerson. This includes the hiring of a personal bodyguard and driver by Mr. Lazerson at a cost of CDN$1,600,000 to the Company. The failure to properly account for expenses, and the use of Company funds in such a manner, does not appear to be in the best interest of the Company or its shareholders.

Failure to Maintain Lithium Technology License, a Critical Asset to the Company. Management of the Company failed to perform its responsibilities under the technology license agreement with PurLucid Treatment Solutions Inc. (“PurLucid”), pursuant to which PurLucid had granted the Company an exclusive license to use its lithium extraction technology. PurLucid informed management of its default under the agreement and the license has been revoked.

Damaged Business Relationships. Due to financial mismanagement, MGX Minerals now faces several legal actions and claims for payment from previous project partners. These include clients in lithium rich zones of South America, the United States, and Canada.

Ineffective Shareholder Communication. The Board and management’s poor communication practices and lack of shareholder disclosure is detrimental to minority shareholders and needs to be corrected.

Potential Dilutive Transactions. The Concerned Shareholders are worried that potential transactions conducted by MGX Minerals in the near future could be highly dilutive and at a material discount to the current share price to the detriment of all shareholders.

Failure to Address Concerned Shareholder Issues. The Concerned Shareholders have tried to engage with management to resolve these issues, but have largely been ignored to date.

Recognizing the above mismanagement, self-interest, entrenchment, and ineffectiveness of the Board, management and in particular, MGX Minerals' CEO, Jared Lazerson, the Concerned Shareholders seek the removal of all current Board members and the nomination of the following individuals (the “Nominees”) to the Board:

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/28-cse/xmg/74264-concerned-shareholders-requisition-annual-general-meeting-to-secure-competent-stewardship-of-mgx-minerals-and-enhance-shareholder-value.html

Where would NBRI be without people like you putting it up on a pedestal????????

Agree!!!

...where would our country be without folks daring to dream?

Pretty sad that you can't tell the difference between a grifting penny stock CEO and a legit startup entrepreneur. Or, even worse, you do know the difference and you are pretending, just to help promote the scam. I think it's the latter case.....which makes you an enabler.

The last few weeks of trading have been great...pretty weak excuse for not making easy money and I ain't buying what some're selling....the fact is the stock is doing quite well, frustrating at times but going in the right direction....and we all (or at least most) know that this is going to be big....there has never been anything like it, this great stock of ours. Never been anything like it, and perhaps there will never be anything like it again. It always bounces back bigger and better and stronger than ever before...there has never been anything like it.... it’s wonderful, it’s a beautiful thing.....like nobody has seen before......

It's the REAL DEAL, it's JUST going to take TIME.

I want to believe. Need to see income on the income statement, cash on the balance sheet and MGX getting their share of Fran.

yes the real deal

Like!

How many here think that NBRI could be the real deal?

Count me in...timing is right, POG is setting up nicely....and it's the right time of year.....literally. a Gold Mine

POG $2646....woohooo

That was me! I still stand by it!

Thats just google AI podcast creator tool its not real people talking on those deep dives!

Copy of a previous post that should clear up any adverse criticism of our fearless leader:

"In my opinion one of the best tools individuals use to bring prices down for a myriad of reason's is to spread falsehoods of the company and or the CEO. One of those recurring here and is being taken totally out of context is about a company Jared was running prior NBRI.

Yes it is true Jared and His company were fined and fined only by the BCSC 6 years ago for not exercising proper oversight over a marketing group that hired another marketing group, that wrote some articles, that didn’t have the proper disclaimers or large enough font size indicating that the articles were paid for by the company. It was a small portion of their marketing program but it resulted in a fine of 25k for the company and 10k for Jared.

Jared or the company were NEVER sanctioned, reprimanded or put on any type of probation.

The really incredible thing is that very same year Jared was given the S&P Global/Platts Metals leadership in mining award-Base & Speciality Metals for inventing Direct Lithium Extraction.

Anyone can pick, choose or make things up, but these are the facts. What blows me away is that we are this fortunate to have such an incredibly talented individual like Jared running this company. Watch out Gold world here we come!!!"

I agree 100% have a great evening for those that yell scam move away leave get a job as a walmart greater

Someone earlier suggested that our CEO, Jared Lazerson should win Miner of the year...and for once I agree, and more ....those that are quick to yell scam, often don't understand the time, effort and money to bring a dream alive....often as time goes on...interest dries up, the hot sectors change...and money becomes an issue to stay alive....then along comes someone calling them a scam... that disgusts me....where would our country be without folks daring to dream?

I think you saw a puddy cat...

He pumped, he dumped, and now you own his shares! Lucky you!

Paying close to 25k a month in ir work for what, personally need to do a better job on getting story out , Sabean group just doing deep dive I presume

Are you still in?

people have been saying back in August that this would be at no bid

Link to that, please. I don't remember anybody saying no-bid by now. Maybe somebody said that, but those of us who follow along with these scams.....we know it will unravel slowly. It'll come, but in due time - these P&D dilution scams take time to unfold as the story gets wilder and ever harder to believe, and the shares start crashing down by the billions.

Found one person who mentioned no-bid back in August. But not with any specific timeframe. It is a pretty safe bet that dilution scams like NBRI will eventually end at 0.0001 and no-bid.

Orange Cassidy

Re: carlson post# 113843

Wednesday, August 28, 2024 8:16:37 AM

Post# 113845
of 121031
Or riding it down to
No-bid!

He's got them lyin' eyes!!!!!!!

well people have been saying back in August that this would be at no bid people predict all kinds of things will see what the future holds .good trades to all

Maybe "Miner of the Decade"!!! Jared's record will have to be scrubbed a bit (sanctioned securities violator, drove previous company out of business, lies about rhodium and lies about permitting status of mines and mill).

But hey, he's the best miner ever with only a undergrad degree in International Relations! Just amazing. How does he do it!!?

Clowns worried about if their dipshit ceo wins miner of the year award. You can't make this stuff up. The stinky pinkys are like the upside-down world of investing

" Needs to be nominated for "Miner of the Year!!!"" Nice to hear but probably too late for this year since they likely already voted and we would have heard by now but maybe for 2025 we will see.

NBRI Rocks !!!!

Fluff??? Lab tests on a coffee can's worth of dirt from the Fran prospect is stupendous, fabulous, earth shattering news!! No CEO has ever done as much as Jared in such a short amount of time. Needs to be nominated for "Miner of the Year!!!". Who needs a P. Geo. to sign off on a PR......?? Jared's mining knowledge and abilities are beyond genius!!

Thanks!!!

Appreciated!!!!!!!

Still lying, soon you will go

North Bay Resources Announces Federal (MSHA) Approval of Mt. Vernon Gold Mine Operational Plan and Commencement of Production, Sierra County, California
North Bay Resources Announces Federal (MSHA) Approval of Mt. Vernon Gold Mine Operational Plan and Commencement of Production, Sierra...


InvestorsHub NewsWire
October 21 2024

I can only agree, many eyes on NBRI
just checked #13 on breakout boards,#11on most read, #12 on most active, # 11 on most posted, always on some or all of them for about 2 months

WHEN FINACIALS VALIDATES THE TRUTH, HIGH HIGH WILL IT GO, WHO KNOWS,

yesterdays high volume will bring more eyes on NBRI

hear we come NBRI in 2025 !!!! NBRI will really come alive

glad to see them working to expand capacity at the Mill.

Expand capacity? They have no capacity. They are not fully permitted, cannot operate. Listed as "abandoned" by MSHA.

You've been scammed.

$NBRI While many great things are happening on the surface, IMO, once some large physical values ($$$) are officially posted, many more will lock in, unfortunately, by then the price you see today will be a far, far distant memory.

We are in the transitional phase. Once the rubber meets the road and depending on mill throughput/yields (20 mill run days = 2000 tons, = 200 au oz, etc.), many will be hesitant. The bottom line, this is the OTC, and we all know what can happen, so only physical, certified, and visual results are needed for the next level of credibility. It's "show me the money", time, or in our case, the gold, and lots of it!

I am still slowly building a larger position since I believe at 1 oz per ton, in large volume we will be north .01 in time!

CHART - Accumulation holding steady over 1B shares......
https://www.barchart.com/stocks/quotes/NBRI/technical-chart?plot=CANDLE&volume=total&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=0&indicators=ACCUM;CHKMF(14);SMA(20);SMA(50);SMA(100);SMA(200);HLMA(10,8)&sym=NBRI&grid=1&height=375&studyheight=200

Good Luck All!


TAZ

Getting some fantastic news Fran concentrate yield upgrades, 97% recovery rate and more ore arriving from FRAN! This is a rocket ready to take off!!! Now when they drop the news and updates on the MT. VERNON mine which everyone is waiting on then this will be on fire!!!

Good morning from Northern California. Have a nice day. $NBRI$.

Damn that FLUFF PR only bought 1 day of volume. YIKES~!

I am glad to see them working to expand capacity at the Mill. The Fran gold shipment is great to see and plenty more is on the way, 5000 tons ready to go. But, the Mt. Vernon assays a higher gold content w/platinum as well. They are targeting 100 tons/day from Mt. Vernon and we will need the additional milling capacity to handle that eventuality.

Good times ahead,

Knife

Hello, We'll have many good TOMORROWS. Some of us are just getting started...

Tomorrow is another day, for sure. The 2nd day for pushing up. $NBRI$

To all those who post realistically, THANKS. Happy Holidays! For the HANDFUL of Debbie DOWNERS I don't know your motive. You will learn. NBRI will soar!!!

Yes and from a Fundamental view, when we get the News we want and expect,then volume... nothing will be able to hold this back....and then the real fun begins

NBRI Rocks !!!!

Some peeps feared the 50 day MA since it turned lower a few days ago, but with today's news, volume, and stochastics buy signal this looks like it wants another run imo

What's the deal with Citadel, GTSM and some other brokers consistently moving blocks of multimillion shares into the ASK, effectively blocking any easy movement upwards ? Today was nice because they had to adjust as volume and price increased

100 day MA held, now we're back in the saddle again!

News today confirms what most (but4) have known all along...CEO Jared Lazerson is proving up to ,and beyond the task of taking advantage of a perfect storm in the Precious Metals sector and getting the job done with this remade company in such spectacular fashion that leaves no doubt that success is just another step in his plan...😎....and we (but4) are having fun while we're at it

NBRI Rocks !!!!

Great News!!!

YEP!!!

What's not to like...today huge volumes up as much as 50% since Friday...my pf looking good and we managed to knock down some serious resistance from L2 and elsewhwere

NBRI Rocks !!!!

That PR was designed to get low-information investors all excited so they'd buy shares.

Worked on you, didn't it?

Yeah that must be the SCENARIO. LOL